ES - 4 Hour / Week of January 10, 2022 - The Trade Plan E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! HK_L61 Traders have an interesting week ahead. The Key day will be Wednesday. I wrote a Summary of the Base Effect Recalc for Inflation to provide insight for the initial BLS release for 2022 which will include the Recalc. On Wednesday - January 12, 2022 the Adjusted Base Effect will be provided. The BLS has been difficult to pin down as to the specifics of the denominator's "Adjustment" - it is vague, nebulous, and without factual detail. "Consumer Expenditures" - in my experience has been a melange of Data massaged to imbue the desired outcome. The degree and direction of survey errors, rather than an exact measure of bias, because the specific estimates from other sources are not necessarily the ‘True’ values. Simply put - there is a great deal of room for "factual error". _________________________________________________________________________________________________________ The Change is substantial, and Traders should not discount the importance of this update to how inflation will be calculated. Their statement was as follows: "...weights for the Consumer Price Index will be calculated based on consumer expenditure data from 2019-2020." 8:30 AM EST - Consumer price index / Dec. @ 0.8% 8:30 AM EST - Core CPI / Dec. @ 0.5% In addition, we will be provided an important release from the Federal Reserve ad US Treasury / OMB. 2 PM EST - Federal Budget 2 PM EST - FOMC Beige Book _________________________________________________________________________________________________________ Ideally, we would prefer to see the Sellers persist into Monday - Tuesday. This proved the Reversal Potential and Squeeze Wednesday. It will not provide a lasting effect, as Prices Paid will persist in Trend - Higher. Financial will have begun reporting on January 11th - Tuesday followed by Cyclicals and then Tech. Traders should be ready for about anything with respect to EPS Season: 1. Pre-Warnings 2. Lowered Guidance Miss 3. Forward Statements / Guidance 4. Pricing Power 5. Layoffs ___________________________________________________________________________________________________________ Hopefully, we see an ALGO-driven retracement, or the Downtrend will continue and persist until there is a change in Policy for both Monetary and Fiscal Trends.